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Continued decline on dismal data

Báo Kinh tế và Đô thịBáo Kinh tế và Đô thị05/09/2024


Most steel benchmarks on the Shanghai Futures Exchange were weaker.
Most steel benchmarks on the Shanghai Futures Exchange were weaker.
Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,640 VND/kg; D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.

Viet Y steel brand, CB240 rolled steel line is priced at 13,640 VND/kg; D10 CB300 ribbed steel bar is priced at 13,740 VND/kg.

Viet Duc Steel, with CB240 coil steel line stopping at 13,580 VND/kg, D10 CB300 ribbed steel bar priced at 13,890 VND/kg.

Viet Sing Steel, with CB240 coil steel priced at 13,700 VND/kg; D10 CB300 ribbed steel bar priced at 14,010 VND/kg.

VAS steel, with CB240 coil steel line at 13,600 VND/kg; D10 CB300 ribbed steel bar is priced at 13,750 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel down to 13,640 VND/kg; D10 CB300 ribbed steel bar priced at 13,840 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 13,990 VND/kg; D10 CB300 ribbed steel is priced at 14,290 VND/kg.

VAS Steel currently sells CB240 coil steel at 14,010 VND/kg; D10 CB300 ribbed steel bar is priced at 13,960 VND/kg.

Pomina steel, with CB240 coil steel line at 14,280 VND/kg; D10 CB300 ribbed steel bar is priced at 14,480 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel is at 13,640 VND/kg; D10 CB300 ribbed steel is priced at 13,840 VND/kg.

VAS steel, CB240 coil steel line is at 13,600 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 VND/kg.

Pomina steel, CB240 coil steel line is at 14,080 VND/kg; D10 CB300 ribbed steel bar is priced at 14,380 VND/kg.

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for May 2025 delivery fell 12 yuan to 3,168 yuan/t.

Iron ore futures in Dalian posted their biggest drop in nearly two years, as gloomy economic data from top consumer China clouded the demand outlook, while firm global supplies also weighed on prices.

The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) fell 4.74% to 703.5 yuan ($98.87) a tonne, its biggest drop since Oct. 31, 2022.

The contract fell to 700.0 yuan in early trading, its lowest since Aug. 19. The benchmark October iron ore contract on the Singapore Exchange fell 2.75 percent to $94.15 a tonne.

Iron ore futures fell after further evidence of weak Chinese demand, as manufacturing activity is slowing along with a deeper downturn in the property sector, ANZ analysts said in a note.

An official survey showed China's manufacturing activity fell to a six-month low in August, putting pressure on policymakers to continue with more stimulus plans for households.

Meanwhile, the country's new home prices rose more slowly in August, as the country's crisis-hit property sector struggled to find a bottom after a series of support policies.

Total iron ore volumes shipped to global destinations from 19 ports and 16 miners in Australia and Brazil rose 10.9% week-on-week to 29 million tonnes between Aug. 26 and Sept. 1, according to Chinese consultancy Mysteel.

The surge was due to a surge in Brazilian iron ore shipments, which rose 39% week-on-week, marking the highest weekly shipment since 2019, Mysteel added.

Other steelmaking components on the DCE also continued to decline, with coking coal and coke down 2.41% and 2.24% respectively.

Most steel benchmarks on the Shanghai Futures Exchange were weaker. Rebar slid 3.14%, hot-rolled coil fell nearly 3.0%, stainless steel lost nearly 1.0%, while flat wire rod.



Source: https://kinhtedothi.vn/gia-thep-hom-nay-5-9-tiep-tuc-giam-do-du-lieu-am-dam.html

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